- US markets were highly Volatile Yesterday.
- At went time Dow Jones was up 300 Points but then it closed Flat.
- We have witnessed more than 1200 Point rally for November series upto now.
- Last Month also this rally was witnessed at the beginning of the Month and then we witnessed a Consolidation for the rest of the Month.
- Expecting the same for this Month as well.
- High Probability of Consolidation for the rest of the series.
- Range would be between 12400-13000.
- SGX Nifty is Trading near 12700.
- Financial Stocks have been Outperforming Significantly now.
- Bank Nifty has Rallied 5000 Points in last 10 trading Sessions.
- So every dip from now is a buying Opportunity.
- Markets are ignoring all the negative news and just climbing the walls of worry.
- All this is due to low interest rates.
- High inflows are coming into the Market.
- Pfizer announced that it has successfully tested Corona Virus vaccine.
- All results show that it has gained more than 90% results in defeating the virus.
- Sector rotation has been happening in the Market due to the same.
- Previously , IT and FMCG were the flavour.
- But after this news money has been shifting from these stocks to Financial Stocks.
- So this Bull Market has many legs to support it.
- Nifty might Trade between 11620-11780 today.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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